We have an Endowment Fund!!

The
GTCA is proud to announce that the GT Crew team officially has an
Endowment Fund with the GT Foundation.

Let
us explain. The Endowment Fund is what rowers, coaches and alumni have
been trying to achieve
for over 10 years. The establishment of an endowment will allow the
team to earn interest on the money they already have and eventually be
able to sustain the team on that interest alone. It will take time, of
course, but the path has been cleared and we are at the beginning.

$25,000 was necessary in order to establish an endowment fund
with the GT Foundation. With your generous contributions to the trailer
fund, the GTCA and the team, we have finally reached that lucky number.
Now that we have that - we can start to collect interest. With careful
planning and management of the endowment,
along with continued fundraising we can work to
continue to grow that number into something the team can rely on for
generations.

The GTCA gave a check for $6,500 to the team at the Spring Picnic.
We will continue to donate every year. This money comes from your
donations to the GTCA and any fundraising we do during the year.
Although we are not actively fundraising right now, you can always make a
tax deductible donation directly to the endowment. Additionally, as you
know, your membership to the GTCA is a large part
of the annual donation provided to the team.

We hope you share in our excitement and plan to help us grow this fund
over the next few years. To learn more about the endowment and how to
contribute to the fund, please
visit
our Donate page.